In the city of Carapegua, in the Potrero district, a group of poor women met with the program named Enterprising Women (Kiva Field Partner) and they decided to become members to gain more information about the program.

This group of women is very active and hard working and they have various kinds of businesses.

They are in search of more support to promote the growth of their family income through a loan, to improve their quality of life.

They require a loan to invest in their businesses and to achieve the sustainable development of them as a group and each as individuals.

Mirtha is one of the members of the group and she knits and makes traditional clothing, as well as drapes, table cloths and decorations. She has a good client base thanks to the quality of her products. She has a good number of orders especially because her items are in various designs and are excellent as gifts and souvenirs. These are very traditional crafts in Paraguay.

She wishes to improve her earnings by acquiring large quantities of threads and yarns in various colors, as well as appliqués used in the clothing.

Additional Information

About Fundación Paraguaya

Fundación Paraguaya is a financially self-sustaining social enterprise that promotes entrepreneurship in urban and rural areas through microfinance, education programs, and more. Its focus on agriculture has helped many farmers boost their crop yields. And a number of other borrowers have taken out loans to start and grow social businesses that have helped deliver eyeglasses, medicines and other helpful services in their local communities.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.